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GrowGeneration Stock Slumps On Q3 EPS Miss, Reduced FY21 Outlook

GrowGeneration Stock Slumps On Q3 EPS Miss, Reduced FY21 Outlook

GrowGeneration股票因第三季度每股收益失誤而暴跌，降低了21財年前景
Benzinga Real-time News ·  2021/11/11 10:48
  • GrowGeneration Corp (NASDAQ:GRWG) reported third-quarter FY21 sales growth of 110.8% year-on-year, to $116 million, beating the analyst consensus of $114.78 million.
  • Comparable store sales for the quarter increased 15.7% versus last year.
  • E-commerce revenue, inclusive of Agron revenue, grew 169% Y/Y to $10.5 million.
  • The gross profit margin expanded 290 basis points Y/Y to 29.4%.
  • Total operating expenses jumped 210% Y/Y to $29.4 million.
  • The operating margin was 4%, and operating income for the quarter fell 8.4% to $4.6 million.
  • Adjusted EBITDA of $10.8 million increased 63.6% Y/Y.
  • EPS of $0.07 missed the analyst consensus of $0.09.
  • The company held $93 million in cash and equivalents as of September 30, 2021.
  • Outlook: GrowGeneration sees FY21 sales of $435 million - $440 million (prior view $440 million - $452 million), below the consensus of $448.38 million.
  • It reduced Adjusted EBITDA guidance to $41 million - $43 million (prior $47 million - $51 million).
  • Price Action: GRWG shares are trading lower by 9.98% at $21.01 on the last check Thursday.
  • GrowGeneration公司納斯達克(GRWG：GRWG)公佈21財年第三季度銷售額同比增長110.8%，達到1.16億美元，超出分析師預期的1.1478億美元。
  • 該季度的可比門店銷售額比去年同期增長了15.7%。
  • 包括Agron收入在內的電子商務收入同比增長169%，達到1050萬美元。
  • 毛利率同比擴大290個基點至29.4%。
  • 總運營費用同比增長210%，達到2940萬美元。
  • 營業利潤率為4%，當季營業收入下降8.4%至460萬美元。
  • 調整後的EBITDA為1080萬美元，同比增長63.6%。
  • 每股收益0.07美元，低於分析師一致預期的0.09美元。
  • 截至2021年9月30日，該公司持有9300萬美元的現金和等價物。
  • 展望：GrowGeneration預計21財年銷售額為4.35億-4.4億美元(之前的預期為4.4億-4.52億美元)，低於4.4838億美元的共識。
  • 它將調整後的EBITDA指引下調至4100萬-4300萬美元(之前為4700萬-5100萬美元)。
  • 價格行動：在週四的最後一次檢查中，GRWG的股價下跌了9.98%，至21.01美元。
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